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CRUDE OIL ROYALTY
Explained: Why Vedanta shares are up 4% after government's royalty cut on crude oilVedanta shares rallied after the Centre reduced royalty rates on crude oil and natural gas production, a move expected to lower costs for t...
ONGC shares rally 6% after govt cuts crude oil royalty; CLSA explains why it’s a big boostONGC shares surged 6% after CLSA termed the government’s decision to cut crude oil and natural gas royalty rates a major positive for upstr...
India cuts royalty burden on oil and gas producers in push for domestic outputIndia's Centre has lowered royalty rates for crude oil and natural gas production. This move aims to encourage more domestic exploration an...
Natural gas mineral firm WhiteHawk reveals sevenfold revenue surge in US IPO filingWhiteHawk, a leading natural gas royalty firm, is taking the stock market plunge with its initial public offering. This comes on the heels ...
India to offer 21 oil, gas blocks in OALP-XI bid roundIndia is set to launch its 11th Open Acreage Licensing Policy (OALP) round, offering 21 oil and natural gas blocks spanning over 80,000 sq ...
Centre agrees to pay Rs 6,320 cr as oil royalty to AssamThe Oil India Limited produces 3.2 million tonnes crude oil in Assam annually, while Oil and Natural Gas Corporation Limited produces 1.1 m...
Rs 392 crore additional royalty burden on ONGC, Rs 1,100 crore on Oil IndiaONGC/OIL would raise a gross bill based on the prevailing international oil price but their actual realisation was less than that after acc...
Oil PSUs to pay royalty on gross price to producing statesONGC/OIL would raise a gross bill based on the prevailing international oil price but its actual realisation was less than that after accou...
OIL, ONGC slump on higher royalty paymentsAssam will now get crude oil royalty at pre-discounted price similar to Gujarat with effect from February 1, 2014.
Assam to receive pre-discounted crude royaltyAssam will get crude oil royalty at pre-discounted price similar to Gujarat with effect from February 1, 2014. Petroleum ministry writes to...
Assam could have moved court to recover underpayment of crude oil royaltyUnion minister of state for petroleum and natural gas Dharmendra Pradhan said that Assam could have moved court seeking payment of underpay...
Centre backs Assam's claim on crude royaltyThe Assam government had already approached the Gauhati HC seeking a direction to ONGC and OIL to pay royalty on crude at a pre-discounted ...
Injustice was done to Assam by earlier government in the payment of oil royalty: Dharmendra PradhanAssam wants royalty to state on the well head price determined by the actual price of equivalent crude oil prevailing in the international ...
Assam government moves Guwahati High Court on oil royalty issueAssam government has approached Gauhati High Court seeking a direction to energy firms like ONGC and OIL to pay royalty on crude oil on pre...
ONGC may have to pay crores in extra royalty to centre, statesCourt has ruled that ONGC should pay an additional royalty of Rs 8,000 cr to Guj upon calculating the levy on the basis of the market price...
Gujarat High Court asks ONGC to pay royalty dues worth Rs 5,000-6,000 crore to state governmentGujarat HC directed ONGC to pay dues worth Rs 5,000 crore to Rs 6,000 crore to state government towards differences in royalty of crude the...
- Royalty on indigenous crude hiked
The Cabinet on Tuesday night hiked the royalty on indigenous crude oil to 20 per cent from the existing 12.5 per cent at present.